SECTION 1. Subsections (p) and (ii) of section fifteen Republic Act Numbered Five hundred twenty-three, otherwise known as the Charter of the City of Butuan, are amended to read as follows:
"(p) To tax, fix the license fee for, regulate the business and fix the location of, match factories, blacksmith shops, foundries, steam boilers, lumber mills, lumberyards, rattan yards, logponds or bundles, shipyards, the storage and sale of gunpowder, tar, pitch, resin, coal, oil, gasoline, benzine, turpentine, hemp, cotton, nitroglycerine, petroleum, or any products thereof, and other establishments likely to endanger the public safety or give rise to conflagrations or explosions, and, subject to the rules and regulations issued by the Director of Health in accordance with law, tanneries, renderies, tallow chandleries, embalmers, and funeral parlors, bone factories, and soap factories. As used herein, the term "logpond or bundle" means water or place along any bank of any river within the territorial jurisdiction of the city where timber, rattan, bamboos, and other forest products, are placed, stored, tied or rafted together before being towed or moved to ships ready for loading for commercial purposes
"(ii) To extend its ordinance over all waters within the city, over any boat or floating structures thereon, and also over any rafted timber, rattan, bamboos, and other forest products which are being towed either by launches, bancas or barotos up and down the river by manpower, for commercial purposes, by imposing taxes thereon, and, for the purpose of protecting and insuring the purity of the water supply of the city, over all territory within the drainage area of such water supply and within one hundred meters of any reservoir, conduit, canal, aqueduct, or pumping station used in connection with the city water service."